REGISTERED NUMBER: 07931166 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

DJ Phillips Sportsground & Garden

Machinery Ltd.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Phillips

Mrs P J Phillips

REGISTERED OFFICE:

Units 3-4

Highbury Farm Park

Harts Lane

Bristol

BS39 6EH

REGISTERED NUMBER:

07931166 (England and Wales)

ACCOUNTANTS:

Norton Tax Shops Limited

3 & 5 Station Road

Keynsham

Bristol

BS31 2BH

FIXED ASSETS

Intangible assets

4

7,406

8,531

Tangible assets

5

12,282

15,313

19,688

23,844

CURRENT ASSETS

Stocks

44,264

44,264

Debtors

11,593

14,559

Cash at bank and in hand

79

3,451

55,936

62,274

CREDITORS

Amounts falling due within one year

61,336

49,891

NET CURRENT (LIABILITIES)/ASSETS

(5,400

)

12,383

TOTAL ASSETS LESS CURRENT LIABILITIES

14,288

36,227

CREDITORS

Amounts falling due after more than one year

(3,209

)

(10,726

)

PROVISIONS FOR LIABILITIES

7

(3,071

)

(2,909

)

NET ASSETS

8,008

22,592

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

7,858

22,442

8,008

22,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

D J Phillips - Director

1.	STATUTORY INFORMATION

DJ Phillips Sportsground & Garden Machinery Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

22,500

AMORTISATION

At 1 September 2024

13,969

Amortisation for year

1,125

At 31 August 2025

15,094

NET BOOK VALUE

At 31 August 2025

7,406

At 31 August 2024

8,531

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

35,423

DEPRECIATION

At 1 September 2024

20,110

Charge for year

3,031

At 31 August 2025

23,141

NET BOOK VALUE

At 31 August 2025

12,282

At 31 August 2024

15,313

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdraft

15,884

-

The Bank overdraft is secured by a fixed and floating charge, dated 4 July 2016, on all the assets of the company.

7.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

Accelerated capital allowances

3,071

2,909

Deferred

tax

£

Balance at 1 September 2024

2,909

Provided during year

162

Balance at 31 August 2025

3,071

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

D J Phillips

Balance outstanding at start of year

7,556

17,556

Amounts advanced

(7,361

)

(10,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

195

7,556

Mrs P J Phillips

Balance outstanding at start of year

3,072

7,072

Amounts advanced

(3,072

)

(4,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,072

9.	RELATED PARTY DISCLOSURES

The company paid rent in respect of the business trading premises to the Director Mr D.J. Phillips.

This amounted to £21,600 for the year ended 31 August 2025 (£21,600 for the year ended 31 August 2024). The amount paid represents market value and was incurred as part of the normal course of business.